1,000 units of Enterprise Products Partners — breakeven price, tax comparison, §1014 step-up analysis.
This tool provides projections based on assumptions. It does not constitute tax, legal, or investment advice. Consult a qualified CPA or financial advisor before making decisions based on this output.
Position: 1,000 units of Enterprise Products Partners at $37.50/unit
Tax assumptions: 32% bracket, MFJ, NIIT, §199A QBI deduction. Unit appreciation: 3.5%/year.
We computed three exit strategies for each holding period: sell now, hold and collect distributions, and hold until death (§1014 step-up). Every number comes from the IRS Partner's Basis Worksheet.
Sell Now
Proceeds: $38,812
Tax: -$790
Net: $38,022
Hold 5 Years, Then Sell
Distributions: $9,693
Dist. tax: -$570
Terminal FMV: $44,538
Exit tax: -$NaN
Net: $NaN
Hold Until Death
Heir receives: $44,538
Tax eliminated: $4,172
Total: $53,661
Breakeven Price
$58/unit
Selling only makes sense above this price over a 5-year horizon.
Sell Now
Proceeds: $38,812
Tax: -$790
Net: $38,022
Hold 10 Years, Then Sell
Distributions: $24,093
Dist. tax: -$1,418
Terminal FMV: $52,897
Exit tax: -$NaN
Net: $NaN
Hold Until Death
Heir receives: $52,897
Tax eliminated: $8,969
Total: $75,572
Breakeven Price
$85/unit
Selling only makes sense above this price over a 10-year horizon.
Sell Now
Proceeds: $38,812
Tax: -$790
Net: $38,022
Hold 15 Years, Then Sell
Distributions: $41,528
Dist. tax: -$2,444
Terminal FMV: $62,826
Exit tax: -$NaN
Net: $NaN
Hold Until Death
Heir receives: $62,826
Tax eliminated: $14,517
Total: $101,910
Breakeven Price
$117/unit
Selling only makes sense above this price over a 15-year horizon.
Sell Now
Proceeds: $38,812
Tax: -$790
Net: $38,022
Hold 20 Years, Then Sell
Distributions: $62,638
Dist. tax: -$6,386
Terminal FMV: $74,617
Exit tax: -$NaN
Net: $NaN
Hold Until Death
Heir receives: $74,617
Tax eliminated: $18,268
Total: $130,869
Breakeven Price
$153/unit
Selling only makes sense above this price over a 20-year horizon.
Bottom Line
Holding 19 more years and letting heirs inherit produces $92,847 more than selling today. Your heirs receive $74,617 with a fresh stepped-up basis, eliminating $18,268 in deferred taxes and ~$40,000 in §751 recapture. Selling would only make sense above $153.16/unit.
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Computed by lucasandersen.ai MLP Tax Simulator v0.1.0. 2026-04-03. Not tax advice.